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would you voluntarily give up your raise?

Posted by prayformojo (aka mayhem) Jan 22 '09, 09:05

your company is in rough financial shape - no imminent threat of going under, but facing serious shortfalls.

said company is still intending to give its usual raises for the next FY, but they will be down sharply compared to past years. you know this will create hardships for some of your coworkers.

you & your family are in decent shape, and could forgo income increase for the next year w/o problem.

company sends out a mailing asking employees if, on an individual basis, they'd be willing to forgo a raise for the next year, with the understanding that the money intended for you would be going to augment raises for others. forgoing a raise would be done confidentially.

would you do it?

Responses:

yep -- nm - Dane Duke Nuuk Jan 22, 09:19
I've not only not received a raise, but taken a pay cut - decline Jan 22, 09:15
Though, on reflection, do you think they're doing this to smoke out those who are unwilling to take one for the team? What if everyone agrees except - Loyola Jan 22, 09:14 2
- you could make it clear exactly why you are not willing to give up your raise - that augmenting others' raises is not a sufficient reason -- nm - Roger More Jan 22, 09:19 1
  - I agree. But I'm also thinking that you (me, anyone) wouldn't know what the company are up to with this. Seems like a strange reason to ask someone to - Loyola Jan 22, 09:26
Only if preceded by a letter detailing how executives are cutting back their salary/options/perks/etc. -- nm - TaurusII Jan 22, 09:14
No -- nm - Epiphany Jan 22, 09:11
not to increase someone's wage, but to offset layoffs. -- nm - Reagen Jan 22, 09:11
Under that senerio, no...if it would mean there wouldn't be layoffs or cutbacks sure - The Calico Cat Coalition Jan 22, 09:11
My company instituted a salary freeze 3 weeks ago. No raises this year. - Beryllium Jan 22, 09:09 1
- my brother! -- nm - Epiphany Jan 22, 09:12
raise? -- nm - Dano Jan 22, 09:08
unless it was across the board, no. -- nm - znufrii Jan 22, 09:07
To augment raises for others? No. Would I engage in a company wide reduction to preserve present employment levels? Sure. -- nm - Loyola Jan 22, 09:07
Hell no -- nm - con_carne Jan 22, 09:07
If I was high enough up in the executive chain that I thought the example might be worth it, yes. Otherwise, doubtful. -- nm - TFox Jan 22, 09:07 1
- He said it would be done confidentially -- nm - con_carne Jan 22, 09:07
sure. -- nm - tRuMaN Jan 22, 09:07
not knowing *specifically* who it was going to? no. -- nm - Andie Jan 22, 09:06

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would you voluntarily give up your raise?

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